The value of an unlevered firm is $10,000,000. What is the value of an identical firm which produces the same cash flows and has the same risk, if it is comprised of 50% debt, the corporate tax rate is 30%, the individual tax rate on equity is 10%, and the individual tax rate on debt is 30%? Responses $13,000,000 $13,000,000 $10,625,000 $10,625,000 $10,500,000 $10,500,000 $10,000,000 $10,000,000